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Bonanza Copper Grading over 9% Cu, Significant Silver On Taquetren Project, Argentina

Drill Results

Bonanza Copper Grading over 9% Cu, Significant

Silver On Taquetren Project, Argentina

Vancouver, British Columbia April 22, 2022 – Norseman Silver Inc. (TSXV:NOC) (Q:NOCSF)

(“Norseman” or the “ Company”) is pleased to announce check assays on the Taquetren Silver-

Gold Project in Southern Argentina. Re-assays from earlier sampling that were above detection

limit (see news release dated March 8, 2022) were resubmitted and have confirmed significant

silver and bonanza grade copper. Norseman has an option to earn a 100% interest in the

Taquetren Silver Project (the “ Project”), which is located in the Rio Negro province of Southern

Argentina.

Seven (7) rock chip samples from the 10-20 cm-wide calcite-quartz-sulfide vein (Veta Juan) which

were collected along a strike length of about 300 meters were re-assayed. The re-analysis showed

an average of 7.73% Cu (2.46% to 9.63%) for the 7 samples. The same set of samples were re-

analyzed for silver. Two (2) samples picked up an average of 205 ppm Ag (202 and 207 ppm Ag),

and another 2 samples contained >120 ppm Ag. The re-analysis has confirmed the very

encouraging vein mineralization potential along this zone of the Taquetren claims.

Reconnaissance-scale sediments and rock sampling activities have continued. Preliminary assay

results of the samples confirm the anomalous multi-element concentrations along the NW-SE

Veta Juan to Veta Nueva zone. Veta Nueva lies close to the Area Marta, a zone which was mapped

out with distinct features of low-sulfidation epithermal style rock textures and alteration. Along

Area Marta, several outcrops and rock float fields of variably silicified volcanic rocks and calcites

with bladed textures were encountered. Based on the completed sampling program thus far, this

NW-SE zone extends for a strike length of approximately 5 km, and lies along the rim of a

perceived caldera ring structure is defined by strong positive anomalies for Cu, Au, Pb, Zn, As and

Mn in the sediment as well as in the rock samples.

Qualified Person

The technical information in this news release was reviewed by Rene Victorino, P. Geo., Vice

President for Exploration of Norseman Silver Inc., a qualified person as defined under National

Instrument 43-101 (NI 43-101).

About Norseman Silver

Norseman Silver is focused on acquiring, exploring and developing silver assets with upside

potential in the Americas. The Company’s current property portfolio includes the Cariboo, Silver

Vista, Silver Switchback and New Moon projects, located in a prolific region in central British

Columbia, Canada, and the Taquetren silver project, located in Rio Negro, Argentina. Norseman

Silver’s shares are listed on the TSX Venture Exchange under the symbol NOC and on the OTCQB

under the symbol NOCSF. Learn more about Norseman Silver at www.norsemansilver.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of

the securities in the United States. The securities have not been and will not be registered under

the United States Securities Act of 1933, as amended, or any state securities laws and may not

be offered or sold within the United States or to or for the account or benefit of a U.S. person (as

defined in Regulation S under the United States Securities Act) unless registered under the U.S.

Securities Act and applicable state securities laws or an exemption from such registration is

available.

On behalf of Norseman Silver Inc.

Sean Hurd

President and CEO

For further information, please contact:

Sean Hurd

President and CEO

[email protected]

604-505-4554